NEW YORK CITY (dpa-AFX) - The NASDAQ OMX Group Inc. (NDAQ) said that net income attributable to the company for the second quarter of 2014 was $101 million or $0.59 per share, up from $88 million, or $0.52 per share, in the prior year quarter.
Second quarter 2014 non-GAAP earnings per share was $0.70, compared to $0.62 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues less transaction rebates, brokerage, clearance and exchange fees were $523 million, up 16% from $451 million in the prior year period, driven by both acquisitions and organic growth. On an organic basis, second quarter net revenues increased 4% year-over-year. Wall Street expected revenues of $517.16 million for the quarter.
The company has lowered non-GAAP operating expense guidance to $1.220 billion -$1.250 billion, down from the prior $1.250 billion -$1.285 billion. Included in this non-GAAP operating expense guidance is an expected $30 million -$40 million in GIFT new initiative spending, down from a prior $35 million -$50 million estimate, and $1.190 billion-$1.210 billion in core non-GAAP operating expense, down from $1.215 billion -$1.235 billion.
The company said that its board has declared a regular quarterly dividend of $0.15 per share on the company's outstanding common stock. The dividend is payable on September 26, 2014, to shareowners of record at the close of business on September 12, 2014.
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